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Alcoa's Miss And JP Morgan's Move

Alcoa has reported earnings slightly below expectations.

Earnings from continuing operations were $1.16, however the company announced restructuring, impairment and other special charges of $0.88, which was widely expected. Because these costs are non-recurring, analyst are typically excluding them from earnings estimates.

That would leave Alcoa had a loss of $0.28, which is slightly below consensus estimates of a loss of $0.10.

No 2009 guidance.

Separately, JP Morgan is moving up its earnings report to this Thursday the 15th, from Wednesday the 21st.

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